logo-loader

Anglo Pacific notes share price movement

Published: 05:47 26 Oct 2015 EDT

1-18704530194_2e66ef8174_o_562df6f7348cd
Anglo has investments in two producing coal mines

Anglo Pacific (LON:APF, TSX:APY) suggested its move from a premium listing to a standard listing could be behind the recent rise in the number of shares being traded.

Index-fund selling following the change of listing could be the reason for recent share price weakness, the company said.

The mining royalty specialist reminded investors it will pay a 4p per share interim dividend in February next year.

Anglo has investments in two producing coal mines and receives royalty payments from the amount of revenue generated.

It receives 1% in royalties from all sales at the Narrabri site, operated by Whitehaven, while royalties from Rio Tinto’s (LON:RIO) Kestrel site range and vary on a number of factors, but can reach as high as 15% of the coal mined and sold from its licences.

Shares were flat at 70p today.

New capital allocation framework positions Ecora firmly for Energy...

  Ecora Resources PLC (LSE:ECOR, TSX:ECOR, OTCQX:ECRAF) CEO Marc Bishop Lafleche discusses the company's transition away from its Kestrel royalty and its impact on the company's 2023 financials, highlighting periods of variable mining activity within the orchestral royalty area. In an...

1 day, 3 hours ago